The U.S. Small Business Administration proposed a new rule that would expand federal contracting opportunities for the women-owned small businesses. The goal is to provide women-owned small businesses more opportunities to get federal contracts.

In the SBA press release announcing the new rule, SBA Administrator Karen Mills said, “Women-owned small businesses are one of the fastest-growing segments of our economy, yet they continue to be underrepresented when it comes to federal contracting.”

The rule entails setting aside 5 percent of federal contracting dollars for women-owned small businesses. This new rule stems from the identification that women-owned small businesses are underrepresented in 83 industries.

The public is allowed to submit comments to the rule until May 3 of this year. Comments may be submitted to www.regulations.gov. For details regarding the new rule, click here.

Related posts:

1. New SBA WOSB Rule Details Emerge The U.S. Small Business Administration’s announcement of a new rule...
2. Obama Creates Task Force, New Website to Help Small Businesses President Barack Obama yesterday signed an executive order requiring federal...
3. GSA Modifies Federal Privately Owned Vehicle Reimbursement Rates The General Services Administration recently announced that it updated the...
4. DIA Deputy on Role of Women in Intelligence The beginning of April marks the end of National Women’s...
5. Night at the Ritz to Honor Men and Women of CIA A special event is being held to honor the men...